- 18 Sep 2009:Singapore and Thailand have reported steady improvement in August export figures as signs of a gradual global recovery began to emerge.
- 17 Sep 2009:Yukio Hatoyama on September 16 took office as prime minister and named a cabinet, promising to bring change to the country mired in stagnation after a half-century of virtually uninterrupted, one-party rule.
- 11 Sep 2009:The South Korean won against the dollar strengthened to a one-month high of 1220.50 in early Asian deals on September 11. On the upside, 1218.3 is seen as the next target level for the Korean currency.
- Recent signs that recession has ended in some major economies, including China's major trading partner Japan, suggest that exports may pick up again.
- 1 Sep 2009:South Korea's exports fell for a tenth consecutive month as global demand for the nation's automobiles, mobile phones, textiles and steel faltered.
- 28 Aug 2009:Japan's unemployment rate rose to a record 5.7% in July in figures released just days before a general election.
- 25 Aug 2009:Chinese exports narrowly edged ahead of those from Germany in the first six months of 2009, in a fresh sign that Germany's status as the world's leading exporter is at risk.
- 21 Aug 2009:Indonesia has proved to be less exposed to the global recession than many of its neighbours, and its economy expanded by 4.2% on year in the first half of 2009.
- 19 Aug 2009:Countries must rebalance their economies to make it sustainable, IMF chief economist Olivier Blanchard commented. Economies dominated by consumption - such as the US - would have to focus more on exports, while Asia turned more to imports.
- 18 Aug 2009:The big bounce¡XGDP plunged by at over 10% (annualized) in the previous two quarters¡Xowes much to stimulus packages in Japan and around the world.
- 11 Aug 2009:China's exports and new loans tumbled in July and industrial output rose less than estimates, underscoring government concern that the economy is yet to establish a solid recovery.
- Singapore revised slightly higher its economic growth in the second quarter, but warned US consumption must pick up to sustain the recovery.
- 10 Aug 2009:China will maintain its current macroeconomic policy stance aimed at bolstering domestic spending as the nation continues to experience fallout from the global recession, Premier Wen Jiabao said.
- German exports rose 7% in June, the fastest pace in nearly three years, in the latest sign of recovery in Europe's biggest economy, official figures show.
- 29 Jul 2009:The presidents of Taiwan and China exchanged direct messages Monday for the first time since the two sides split 60 years ago ¡X the latest sign of their warming relations.
- 24 Jul 2009:The slide in Japan's exports slowed in June in a sign government stimulus spending around the world may be propping up demand.
- 20 Jul 2009:The Economist Intelligence Unit forecasts that Taiwan's real GDP will contract by 6.5% in 2009. The poor economic and financial environment abroad will continue to undermine Taiwan's growth prospects in 2010, when the economy is forecast to expand by just 0.6%.
- 15 Jul 2009:The primary cause of China's ballooning foreign currency reserves is not the surplus of the country's exports over its imports, but the result of overseas investors pouring money into property and shares...
- 13 Jul 2009:China has been a champ exporter, but the country's growth depends on developing other avenues of business too.
- 10 Jul 2009:The US trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th consecutive month.
- 8 Jul 2009:China could be an unexpected laggard to any global recovery, with its economy set to remain sluggish after a long run of bubble-like investment in factories and other fixed assets wears off, some analysts say.
- 1 Jul 2009:China's manufacturing expanded for a fourth month as a 4 trillion yuan (US$585 billion) stimulus plan and record bank lending revive the world's third-largest economy.
- When it comes to economic performance, it's hard to believe that impoverished North Korea could do better than its affluent capitalist neighbor to the south. South Korea's economy is known for its exports of Hyundai cars, LG phones and Samsung semiconductors. Meanwhile, the North Korean economy's export prowess is limited largely to nuclear weapon technology and counterfeit dollars.
- 24 Jun 2009:The slump in Japan's exports showed little sign of relenting in May, with auto exports to the US down more than half, adding to doubts about a quick recovery from the global recession.
- The US and EU said China was giving its domestic industry access to cheap materials.
- 18 Jun 2009:China, which has criticized protectionist moves elsewhere, is pushing ahead with efforts to ensure that its gargantuan economic stimulus package benefits domestic firms.
- The Bank of Japan (BOJ) has said the Japanese economy has begun to stop deteriorating, but it has still kept interest rates unchanged at 0.1%.
- The World Bank has raised its forecast for growth in China this year from 6.5% to 7.2% amid signs that the economy is doing better than expected.
- 10 Jun 2009:Japan's core machinery orders, a closely watched indicator of the health of the economy, fell by 5.4% in April.
- 3 Jun 2009:Japan's factory output has jumped at its fastest rate in more than 50 years, but higher unemployment figures have dampened hope of an early recovery.
- 20 May 2009:Japan's economy has seen its worst ever quarterly performance, with GDP shrinking 4% in the first three months of 2009. The world's second biggest economy, which depends heavily on exports, has been hit hard by the global downturn.
- 19 May 2009:Why, if investment is rising so rapidly, was its contribution to GDP growth in 1Q09 (2pp of the 6.1% total) so low? And why is electricity output still falling, down by 3.5% on year in April? The slowdown in on-year industrial production growth, to 7.3% in April from 8.3% in March, raises further concerns.
- 12 May 2009:China's exports in April were down 22.6% from a year ago, the sixth successive month of decline. But other data released on Tuesday suggest that Chinese government efforts to stimulate the economy are pushing up investment levels in the country.
- 7 May 2009:Investors in Taiwan equities are reaping the benefits of the island's improving relationship with China, which has powered the benchmark Taiex index to a 39% rise since the beginning of 2009.
- 4 May 2009:Asia's governments must spend more on social safety nets and reduce their reliance on export-driven growth as they grapple with an economic meltdown that will keep tens of millions trapped in poverty, finance officials said Sunday.
- 29 Apr 2009:Bowing to what has long appeared inevitable, Japan lowered its growth forecast on Monday, projecting a 3.3% contraction for the fiscal year that began April 1.
- 24 Apr 2009:Instead of an expected downturn, Asia's fourth-largest economy squeaked out slight first-quarter GDP growth of 0.1 percent, rather than contracting by .2 percent as expected, according to the Bank of Korea.
- 23 Apr 2009:Japan has reported its first annual trade deficit in 28 years, with exports in the year to March down 16% from the previous year.
- Japan's Nikkei average rose 0.6% on Wednesday, lifted by exporters on a weaker yen. Pioneer was untraded due to a glut of buy orders after sources claimed the electronics maker is considering applying for state funds. Elpida Memory soared nearly 17% after a local paper said it may seek around 50 billion yen (US$507 million) in public money to shore up its capital.
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